12 June
2018
Clear Leisure plc
("Clear Leisure" or "the Company")
Update -
Mediapolis Court and Bitcoin Data Mining
Mediapolis
Clear Leisure (AIM: CLP) is pleased to report that, further to
the announcement released on 2 May
2018 detailing the hearing at the Ivrea Court to discuss
additional creditor positions proposed by the receiver to
Mediapolis Srl (“Mediapolis”), it has now received confirmation
from its Italian legal adviser that the list of creditors approved
on 13 April 2018 is final.
As previously noted by the Company, the last day for filing
claims by creditors was 16 May 2018.
The Company has received confirmation that no further petitions
have been filed to challenge the Clear Leisure and Clear Leisure
2017 Ltd, (“CL2017”) creditor positions. Consequently, the Clear
Leisure and CL2017 positions as creditors of Mediapolis have become
irrevocable and unchallengeable.
The Company owns the following confirmed creditor positions in
Mediapolis:
The Company will shortly commence negotiations with the receiver
to establish the most appropriate strategy to ensure a satisfactory
conclusion is reached for Clear Leisure and the other creditors of
Mediapolis. The other unsecured creditors include an amount of
€165,718 to parties ranked below the First Charge and the claim
filed by the Italian Ministry of the Economy for €2,798,620.
At this time, the board is not able to estimate the timeline for
these negotiations or future court hearings, but will update
shareholders as and when certain milestones have been reached.
Bitcoin Data Mining
The Company is also pleased to announce that the Company’s
bitcoin mining data centre has been successfully shipped to Serbia,
where it is currently in customs ahead of arriving on site later
this week. Following the successful testing of the unit in
Italy, it is expected to be
running at full capacity for Bitcoin extraction within a few days
of arrival. The Company remains comfortable in its choice of Serbia
as one of the best locations in Europe for low cost energy. However, Clear
Leisure and its joint venture partner will seek to ensure that the
best available energy rates are being utilised. As the data centre
unit is mobile, moving the operation to another location is not
expected to be a difficult task.
Please visit: www.clearleisure.co.uk to see photos of the data
centre in transit.
-ends-
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please contact:
Clear Leisure Plc
+39 335 296573
Francesco Gardin, CEO and Executive
Chairman
SP Angel Corporate Finance (Nominated Adviser &
Broker) +44 (0)20 3407 0470
Jeff Keating / John Mackay
Leander (Financial PR)
+44
(0) 7795 168 157
Christian Taylor-Wilkinson
About Clear Leisure Plc
Clear Leisure plc (AIM: CLP) is an AIM listed investment company
with a portfolio of companies primarily encompassing the leisure
and real estate sectors mainly in Italy. The focus of management is to pursue
the monetisation of all of the Company’s existing assets, through
selected realisations, court-led recoveries of misappropriated
assets and substantial debt-recovery processes. The Company has
recently launched a joint venture initiative in the cryptocurrency
mining sector. For further information, please
visit, www.clearleisure.co.uk